The following is a summary of the Runway Growth Finance Corp. (RWAY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Runway Growth Finance reported Q1 2024 investment income of $40 million, up by 2% from the previous year.

• The Company completed two investments, representing $25 million in funded loans in Q1 2024.

• The quarter recorded a net unrealized loss on investments of $6.6 million.

• The Company received $34.5 million in principal repayments, a decrease from $63.4 million in Q4 2023.

Business Progress:

• Runway Growth Finance partnered with Cadma Capital to finance late and growth-stage private companies.

• The Company has a high pipeline activity and expects to close several deals soon.

• It had two loans on non-accrual status, amounting to 3.8% of the total investment portfolio in Q1 2024.

• Runway repurchased approximately 887,000 shares under the 2023 approved stock repurchase program.

• The Company is focused on maintaining its earnings power by focusing on stringent underwriting standards and consistent distributions.

• Despite current market volatility, the company aims to FIX existing issues and transition to a position of portfolio growth for investors.

More details: Runway Growth Finance IR

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